Bookkeeping Bizz

The Vacant Home Tax declaration portal is now open!

Own a house or condo in Toronto? You need to let the City know if it’s occupied or vacant every year - Even if you live there.

Make your Vacant Home Tax declaration: https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/

2025 TAX SEASON IS ALMOST HERE, THESE ARE THE IMPORTANT DATES TO KEEP IN MIND!

Important dates and deadlines

February 24, 2025 – You can start filing your 2024 income tax and benefit return online.
April 30, 2025 – Deadline for most individuals to file their income tax and benefit return and pay any taxes owed. By filing and paying on time, you will avoid late-filing penalties and interest.
June 15, 2025 – You generally have to file your income tax and benefit return by this date if you, or your spouse or common-law partner who was living with you at any time during the year, are self-employed. Since this date falls on a Sunday, we will consider your income tax and benefit return filed on time if we receive it on or before June 16, 2025. If you owe money, you will still need to pay by April 30, 2025, to avoid paying interest.
Before you file your income tax and benefit return, make sure you have included all the information from your tax slips from all your sources of income.
BOOKKEEPING BIZZ INC.

Working Canadians Rebate
File your clients’ 2023 tax return(s) by December 31, 2024 to ensure they receive the proposed $250 Working Canadians Rebate. This one-time payment, announced on November 21, 2024, is expected to be issued in Spring 2025, pending parliamentary approval. Eligibility details and more information will be available in the coming weeks on CRA website.